The following is a summary of the Talphera, Inc. (TLPH) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Talphera reported no revenues for Q1 2024, with cash operating expenses totaling $3.9 million, marking a decrease from $4.8 million the previous year.

• The company is forecasting full-year 2024 cash operating expenses to be between $21 million to $23 million.

• As of the end of the first quarter, the company had cash and investments totaling $18.6 million.

• Separate financings yielded $14 million in total - $8 million from DSUVIA royalties and milestones and $6 million from equity financing with Nantahala and Rosalind.

Business Progress:

• Talphera closed agreements with five major academic institutions and is continuing with clinical trial agreements for five more potential NEPHRO CRRT study sites.

• Patient enrollment for the study is set to begin this quarter, and the company forecasts a fast completion rate.

• Challenges in patient enrollment have caused some timeline delays, but rapid enrollment and quick study completion are expected to mitigate further setbacks.

• Progress continues on the manufacturing and related activities for Niyad, with a commercial launch anticipated in 2025.

• Estimated total sales for Niyad across CRRT and intermittent hemodialysis are expected to exceed $200 million.

• Talphera has closed two financing deals worth $18 million specifically for Niyad's development and is engaging in partnerships to ensure its success.

• Dr. Shakil Aslam is appointed as the new Chief Development Officer, effective May 20, 2024.

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